Hazard and Cost Avoidance

At times, even using the preceding risk assessment and cost justification models (refer to Chapter 1) does not find acceptance when trying to convince others of the 

For example, consider a worker who received a back injnry from lifting 150 lb, a task that he performs two times a week. For a cost of 10,000, the injnry would never occnr again. Would the cost to fix the situation be worth the prevention of an injnry First of all, what employer would allow an employee to lift snch a heavy load Simply allowing this practice is a risk in itself. With that said, let s consider the options. 

If a risk/cost formula is applied, it would determine that the risk assessment factor is not very high, principally because the lift is only performed twice a week and not regularly. Also, using a jnstification factor, it shonld definitely be fixed or removed. The analysis sends a mixed message to management. So the case to have the problem fixed may not be very strong in this sitnation. A cost avoidance approach may be a better avenue. First, let us assume that a worker gets injured. What are the costs incurred  

It takes about 3 to 4 hours of work to collect the data. Assume the finance employee makes a salary of 10.00 per hour x 4 hours = 40.00. 

This is well over the cost of 10,000.00 to prevent the accident from occurring again and ensuring the safety of the employees who can return home and enjoy life. 

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